Is Buying U.S. Silica Holdings Inc Here a Winning Strategy? Option Traders Like The Stock

 Is Buying U.S. Silica Holdings Inc Here a Winning Strategy? Option Traders Like The Stock

In today’s session U.S. Silica Holdings Inc (SLCA) registered an unusually high (1,390) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious SLCA increase. With 1,390 contracts traded and 15144 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: SLCA161118C00048000 closed last at: $1.95 or 178.6% up. About 559,103 shares traded hands. U.S. Silica Holdings Inc (NYSE:SLCA) has risen 107.46% since April 11, 2016 and is uptrending. It has outperformed by 101.31% the S&P500.

U.S. Silica Holdings Inc (NYSE:SLCA) Ratings Coverage

Out of 16 analysts covering U.S. Silica (NYSE:SLCA), 14 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 88% are positive. $56 is the highest target while $14 is the lowest. The $31.53 average target is -31.71% below today’s ($46.17) stock price. U.S. Silica has been the topic of 42 analyst reports since July 30, 2015 according to StockzIntelligence Inc. As per Thursday, February 25, the company rating was downgraded by Ladenburg Thalmann. Johnson Rice upgraded U.S. Silica Holdings Inc (NYSE:SLCA) on Monday, November 7 to “Buy” rating. The company was maintained on Thursday, October 29 by RBC Capital Markets. The stock of U.S. Silica Holdings Inc (NYSE:SLCA) earned “Buy” rating by Guggenheim on Wednesday, October 28. The stock of U.S. Silica Holdings Inc (NYSE:SLCA) has “Overweight” rating given on Wednesday, August 10 by Barclays Capital. On Monday, June 13 the stock rating was downgraded by DA Davidson to “Neutral”. On Monday, December 21 the stock rating was initiated by Credit Suisse with “Outperform”. The firm earned “Outperform” rating on Friday, September 23 by RBC Capital Markets. The firm earned “Buy” rating on Monday, December 7 by DA Davidson. The stock has “Overweight” rating given by Morgan Stanley on Thursday, April 28.

According to Zacks Investment Research, “U.S. Silica Holdings, Inc. is a producer of industrial minerals, including sand proppants, whole grain silica, ground silica, fine ground silica, calcined kaolin clay and aplite clay. The company also operates as a research and development specialist for customized products and solutions. The industries and applications served by U.S. Silica includes oil and gas, glass, chemicals, foundry, building products, fillers and extenders, recreation, industrial filtration and treatment, and testing and analysis. U.S. Silica Holdings, Inc. is headquartered in Frederick, Maryland.”

U.S. Silica Holdings, Inc. is a domestic producer of commercial silica, a specialized mineral that is an input into a range of end markets. The company has a market cap of $3.11 billion. The Firm operates in two divisions: Oil & Gas Proppants, and Industrial & Specialty Products. It currently has negative earnings. In the Oil & Gas Proppants segment, the Company serves the gas and oil recovery market providing fracturing sand, or frac sand.

SLCA Company Profile

U.S. Silica Holdings, Inc. (U.S. Silica), incorporated on November 14, 2008, is a domestic producer of commercial silica, a specialized mineral that is an input into a range of end markets. The Firm operates in two divisions: Oil & Gas Proppants, and Industrial & Specialty Products. In its end market, gas and oil proppants, its frac sand is used to stimulate and maintain the flow of hydrocarbons in oil and natural gas wells. The Company’s silica is also used as an irreplaceable raw material in a range of industrial applications, including glassmaking and chemical manufacturing. The Firm operates approximately 20 production facilities across the United States and controls over 400 million tons of reserves, including approximately 222 million tons of reserves that can be processed to meet the American Petroleum Institute (API) frac sand size specifications. The Firm produces and sells a range of commercial silica products, including whole grain and ground products, as well as other industrial mineral products.

More news for U.S. Silica Holdings Inc (NYSE:SLCA) were recently published by: Prnewswire.com, which released: “U.S. Silica Holdings, Inc. Announces Third Quarter 2016 Results” on November 03, 2016. Zacks.com‘s article titled: “U.S. Silica (SLCA) Q3 Earnings Preview: What’s in Store?” and published on November 01, 2016 is yet another important article.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment